Ahmed makes third bid to have assets frozen

[RANGERRAB 3,742]

I read Ahmad is asking for 5 percent for the £10m puma deal which is what this is all about . Is that correct ?

How many years is the puma deal over?

[JTP 0]

We will come to an agreement once the £4M comes in the door (conveniently), of around half a million settlement. Of course Chuck getting a big slice of that in a brown envelope.

[Frankie 8,663]

Latest from PressAssociation:

 

Warrant to ring fence cash has NOT been actioned as of now. But Ahmad DOES retain right to do so & could freeze cash sometime before Friday's deadline for open offer. Case due to be heard on November 11 but Rangers hoping to do so sooner.

[Frankie 8,663]

Also RFC statement to LSE:

 

The Company confirms that the Court of Session in Edinburgh has granted the Company Leave to Appeal the Court's decision to grant an order allowing Mr Ahmad to arrest funds in Rangers bank account or the accounts of others who may be due to pay sums to Rangers. He sought this order in connection with a claim against the Rangers Football Club Limited for alleged unpaid bonuses in the amount of £500,000.

 

This is a procedural step in the appeal process and the court has not yet considered the merits of the appeal. If the appeal is successful, the Court's decision of 5 September 2014 will be overturned and the funds arrested will be released.

[Frankie 8,663]

I read Ahmad is asking for 5 percent for the £10m puma deal which is what this is all about . Is that correct ?

How many years is the puma deal over?

 

Where did you get the £10m figure from?

 

Ahmad maintains entitled to five per cent of commercial contracts negotiated by him subject to written approval from the chief executive officer or chairman. He has previously contended that a letter from then chief executive Charles Green had confirmed that his bonus for 2013 would be "no less than £500,000".

[buster. 5,257]

Also RFC statement to LSE:

 

The Company confirms that the Court of Session in Edinburgh has granted the Company Leave to Appeal the Court's decision to grant an order allowing Mr Ahmad to arrest funds in Rangers bank account or the accounts of others who may be due to pay sums to Rangers. He sought this order in connection with a claim against the Rangers Football Club Limited for alleged unpaid bonuses in the amount of £500,000.

 

This is a procedural step in the appeal process and the court has not yet considered the merits of the appeal. If the appeal is successful, the Court's decision of 5 September 2014 will be overturned and the funds arrested will be released.

 

So relevant funds are currently arrested.

[Frankie 8,663]

So relevant funds are currently arrested.

 

To say it seems to be confusing would be an understatement.

 

The RFC wording suggests it is but how many times have their LSE releases been corrected.

[buster. 5,257]

To say it seems to be confusing would be an understatement.

 

The RFC wording suggests it is but how many times have their LSE releases been corrected.

 

Over a long period 'supposed corporate goverence', wordplay, incompetence and bullshit at RIFC have interacted and produced a pea-souper of a fog that you are supposed to get tired of trying to work-out. Instead they propose you vote for plastic engagement and continue or return to handing over the Blue Pound.

 

And that was before today.

 

I'm simply not sure of the situation re.Ahmad and will have to presume that funds are arrested or that his right to so do is still in place until told otherwise.

Edited September 9, 2014 by buster.

[buster. 5,257]

To say it seems to be confusing would be an understatement.

 

The RFC wording suggests it is but how many times have their LSE releases been corrected.

 

The last correction was regards the annoucement re 'Open Offer'.

http://rangers.g3dhosting.com/regulatory_news_article/387

 

Coincidently it was the only annoucement of the last couple of months to have the name of Paul Tyrell beside that of GW.

[RANGERRAB 3,742]

Where did you get the £10m figure from?

 

Ahmad maintains entitled to five per cent of commercial contracts negotiated by him subject to written approval from the chief executive officer or chairman. He has previously contended that a letter from then chief executive Charles Green had confirmed that his bonus for 2013 would be "no less than £500,000".

 

I think the £10m was in the ET.

How difficult can this be? surely if he was entitled to a percentage of commercial deal it would be in his employment contract ?